Tax and Customs

Tax and Customs

44 vehicles, including 24 belonging to ex-MPs, to be auctioned off

Customs did not release the vehicles as those who imported them are no longer MPs and cannot release them under the duty-free facility

1w ago

Increasing efficiency of NBR essential for business growth

Finance Adviser Salehuddin Ahmed yesterday said that increasing the efficiency of the National Board of Revenue (NBR) is essential for the growth of trade and commerce in the country.

1w ago

Online tax return for corporate houses from next year: NBR chairman

He made the comment at an AmCham dialogue

1w ago

Defaulted loans: Not possible to reopen Beximco’s 16 RMG factories

Considering the sheer volume of Beximco’s debt, the government does not think it’s feasible to reopen the textile and garment factories that were taken out of production by the group, Labour Adviser Brig Gen (retd) M Sakhawat Hussain said yesterday.

1w ago

No action taken based on white paper

The interim government has not taken any of the measures recommended by the white paper on the state of the Bangladesh economy even after a month and a half of the report’s submission, said economists yesterday.

2w ago

NBR’s national single window launched for simpler trade procedures

Seven out of 19 customs agencies have been integrated

1m ago

Tax return submission deadline extended to Jan 31

The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns. 

1m ago

Panel formed to make tax expenditure policy

The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.

1m ago

Tax cuts yield limited impact on rising commodity prices: NBR chairman

Egg, sugar prices became cheaper to some extent, not other commodities, he says

1m ago

Electronic filing of tax return doubles since July

Over 5 lakh submitted e-returns since July 1 to November 24

2m ago

Most SMEs cite tax structure as main barrier

Around 57 percent of surveyed small and medium enterprises (SMEs) cited the existing tax structure as the main obstacle to doing business in compliance with the law, according to a report by the SME Foundation

2m ago

Special arrangements in Nov to help file tax returns

Instead of holding an income tax fair, the National Board of Revenue (NBR) says it will have dedicated officials and special arrangements at field-level offices to extend tax services and facilitate return submissions throughout November.

3m ago

e-filing of tax returns crosses 50,000 in less than a month

The NBR relaunched the e-filing portal on Sep 9

4m ago

NBR forms taskforce to reform income tax law

Tax Commissioner Ikhtiar Uddin is heading the seven-member task force

4m ago

Onion imports resume thru Hili land port

Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.

4m ago

Revenue target for FY25 to be left unchanged

The interim government will not bring down the revenue collection target for the current fiscal year as it aims to mobilise more domestic resources to reduce reliance on foreign loans, according to Finance and Commerce Adviser Salehuddin Ahmed.

4m ago

Abdur Rahman Khan made new NBR chairman

The government today appointed Abdur Rahman Khan as the chairman of the National Board of Revenue (NBR) by cancelling the contractual appointment of Abu Hena Md Rahmatul Muneem

5m ago

VAT claims against S Alam firms: Govt submits replies to HC rules

The government today submitted before the High Court replies to the rules which questioned the legality of its demand for unpaid VAT and the consequent fines of over Tk 7,000 crore from S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd

6m ago